Property Focus
Majority of Retailers in Cambodia are Targeting Expansion
By Eric Wong Chon Lap Retail leasing activity in Cambodia is expected to pick up in the coming months, amid solid expansion demand from retailers, and the completion of new shopping centers. Signs of positive movements for retailers, on store rollout and expansion strategies, following the country reopening policy on November 2021. Many leading retail […]
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Gov’t Reclassifies Over 1600ha of Natural Lake in Thbong Khmum as Multi-Purpose Area
The Cambodian government has reclassified a natural lake known as ‘Kade Lake’, located in Baray village, Chhouk commune, Kroachmar district in Thbong Khmum province, as a multi-purpose area for better management and smarter usage. In a sub-decree dated 15 November, the lake area covers a total of 1,643 hectares of land. Meanwhile, the main purpose […]
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Cambodia to Build a Large-Scale COVID-19 Hospital Replacing Current Temporary Locations
Prime Minister Hun Sen has announced that Cambodia plans to build a new large-scale modern COVID-19 treatment centre to transfer patients out from the Olympic Stadium and other private properties currently being used as treatment centres. This announcement was made at the inauguration ceremony of NR11 connecting Neak Leung to Tbong Khmum on Monday 6 […]
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Golden Park Officially Breaks Ground on Borey The Natural in Chroy Changva Area
Advertorial Golden Park has held the ground-breaking ceremony for its new residential project The Natural, an innovative green community stretching over 60 hectares of land along NR6A in the Chroy Changva area. Held on 4 December, the ground-breaking ceremony was attended by the management of Golden Park and hundreds of guests. To celebrate the ground-breaking […]
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Real Estate Developers Set Plans for Post-Pandemic Expansions
By Eric Wong Chon Lap Almost two years into the pandemic, although some real estate companies are still struggling to survive, or to be remain competitive in the market, major real estate developers and players have been able to quickly adapt to the unexpected situation, capitalizing on the diverse income stream they have built. Some […]
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What is social land concession & how to obtain it legally?
Since 2008, at least 30,000 hectares of land have been provided to more than 50,000 poor families across the kingdom with the social land concession policy known as the Land Allocation for Social and Economic Development (LASED). What is a social land concession? Who are eligible to obtain the free land? And what are the […]
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L’attrait Successfully Completed in Spite of Pandemic
L’attrait BOEUNG KENG KANG, the first high-end Japanese-developed condominium project in Boeung Keng Kang 1, has been completed and is fully operational from November onwards despite the impact of the COVID-19 pandemic. The construction comprises of 26 storeys and 149 units which includes a mix of studios, one bedroom, two bedroom and penthouse units. The […]
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Karaoke, Bars & Discotheque Businesses Allowed to Resume
The Phnom Penh Capital Administration has issued a new announcement allowing karaoke, bars and discotheque in Phnom Penh to resume their businesses from Tuesday 30 November onwards under the new normal practice. This new announcement voids the previous announcement on Monday stating that the aforementioned are not allowed to open until 5 December. Under this […]
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Cambodia Hosts Seminar Disseminating New Investment Law for 300 Chinese Investors
The Council for the Development of Cambodia (CDC) yesterday held a seminar to disseminate the new investment law for over 300 Chinese investors and businessmen via an online platform, aiming to attract more investment. During the seminar, CDC also unveiled that as of October 2021, Chinese investment in Cambodia has reached US$27 billion with the […]
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Gov’t to Compile Development Masterplan for Koh Kong’s Offshore Islands
The Koh Kong Provincial Administration and relevant authorities will start inspecting, collecting data, and compiling a development masterplan for more than 23 islands in Koh Kong province, to enhance the management system, promote tourism, and attract more investors. The action plan was set during a meeting of relevant officials on 25 November, chaired by Provincial […]
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